ISVBF vs. ASHR
ISVBF (iShares MSCI China A UCITS ETF) and ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) are both China Equities funds - ISVBF tracks the MSCI China A Inclusion Index while ASHR tracks the CSI 300 Index. Both are passively managed. Over the past 5 years, ISVBF returned -6.00%/yr vs -1.22%/yr for ASHR. At a 0.26 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.65%/yr for ASHR.
Performance
ISVBF vs. ASHR - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -11.89% return, which is significantly lower than ASHR's 5.02% return.
ISVBF
- 1D
- -1.30%
- 1M
- -3.57%
- 6M
- -17.04%
- YTD
- -11.89%
- 1Y
- -2.60%
- 3Y*
- 7.37%
- 5Y*
- -6.00%
- 10Y*
- —
ASHR
- 1D
- -2.49%
- 1M
- -2.29%
- 6M
- 0.47%
- YTD
- 5.02%
- 1Y
- 25.58%
- 3Y*
- 10.02%
- 5Y*
- -1.22%
- 10Y*
- 4.74%
ISVBF vs. ASHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -11.89% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF | 5.02% | 27.02% | 11.95% | -12.52% | -27.52% | 1.00% |
Correlation
The correlation between ISVBF and ASHR is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.26 |
Over the past year, ISVBF and ASHR have become more correlated (0.49) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. ASHR — Risk / Return Rank
ISVBF
ASHR
ISVBF vs. ASHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISVBF | ASHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.34 | -3.45 |
| Martin ratioReturn relative to average drawdown | -0.25 | 9.00 | -9.25 |
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Drawdowns
ISVBF vs. ASHR - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, roughly equal to the maximum ASHR drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for ISVBF and ASHR.
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Drawdown Indicators
| ISVBF | ASHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -51.30% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -24.14% | -7.69% | -16.45% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -33.12% | +8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -44.10% | -8.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.30% | — |
Current DrawdownCurrent decline from peak | -28.59% | -19.53% | -9.06% |
Average DrawdownAverage peak-to-trough decline | -32.65% | -29.07% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.37% | 2.85% | +7.52% |
Volatility
ISVBF vs. ASHR - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 7.77%, while Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) has a volatility of 8.70%. This indicates that ISVBF experiences smaller price fluctuations and is considered to be less risky than ASHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | ASHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 8.70% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 27.10% | 14.34% | +12.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.44% | 18.94% | +12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.44% | 24.11% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 24.15% | +5.98% |
ISVBF vs. ASHR - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than ASHR's 0.65% expense ratio.
Dividends
ISVBF vs. ASHR - Dividend Comparison
ISVBF has not paid dividends to shareholders, while ASHR's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF | 2.20% | 2.31% | 1.13% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISVBF and ASHR have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASHR has higher volatility (8.70%) compared to ISVBF (7.77%). In terms of maximum drawdown, ISVBF dropped -53.78% vs ASHR's -51.30%.
On 5-year performance, ASHR leads with -1.22% vs -6.00% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 7.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ASHR has performed better with a -1.22% return vs -6.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.65% for ASHR.
ASHR has the higher dividend yield at 2.20%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while ASHR tracks CSI 300 Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.40% for ISVBF and 0.65% for ASHR.
ASHR currently has the higher Sharpe Ratio (1.36 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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